Tag: InvestXE

We published a warning against the 7XFX broker scam in October 2021 which accepts deposits from its clients (victims) in Bitcoins only. The UK Financial Conduct Authority (FCA) also issued a warning against the 7XFX (www.7xfx.com) broker scam. Unfortunately, despite the warnings, the broker scam is still online and attacking consumers. The notorious Israeli white-label broker platform PandaTS powers the scam! We strongly advise all people to stay away from 7XFX and protect themselves from losses.

The Daxiron broker scam operates with the new domain www.dax-iron.com. FinTelegram has warned several times over the last months against the Daxiron broker scam, which is only one of many broker scams running on the Israeli-Cypriot white-label platform PandaTS. The UK Financial Conduct Authority (FCA) joined FinTelegram in issuing a warning against Daxiron. We understand that law enforcement agencies in various countries investigate PandaTS and its clients. Here is an update!

We have warned about the offshore broker InvestXE (www.investxe.com) several times in recent months. Our analysis has shown that InvestXE operates illegally in Europe and North America. Probably InvestXE is also a scam. On 15 Sept, the FMA in New Zealand issued a warning against the PandaTS white-labeler broker mutation InvestXE. On 17 Jan 2022, the Spanish CNMV also issued a warning. Trustpilot has also issued a warning against InvestXE for fake reviews. Stay very far away.

The Spanish regulator reported back after the X-Mas break almost at the same time as the Italian Consob. They issued their last warnings on Dec 27, 2021, followed by a three-week silence. The Spanish CNMV has reported back today with investor warnings against 48 providers of illegal financial services. We call this is an impressive start to the 2022 year by the CNMV folks. Let's interpret this to mean that 2022 can be a strong year for the CNMV in the fight against scams and financial cybercrime.

The exploding cryptocurrencies are constantly creating new scams that focus on the greed of consumers who still want to get in. Alongside this, every day, we find ever-growing warnings from financial market regulators against funds recovery schemes. And more and more law enforcement actions against scammers. That's the good news. Today the UK FCA issued a warning against the 7XFX broker scam. A white label scam of the Israeli PandaTS. Please shut them down!

Broker technology and platform provider PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Law enforcement agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS‘ offices in Israel recently. It is well known that the PandaTS platform is used by many scammers. The UK FCA has followed FinTelegram's assessment and issued an investor warning against PandaTS white-label scam Coinnery operated by Coinnery Ltd.

We recently received a complaint from PandaTS because we reported on the scam clients of the Israeli FinTech of Maor Lahav and Shmuel Gutman. The General Legal Counsel threatens FinTelegram with legal action if we would not stop with the reports. However, the fact is that many large scams operate as a white label solution on their platform. This includes SafeMarkets or XTraderFX by Gal Barak. Currently, the InvestXE scam platform is also running on PandaTS. On September 15, the FMA in New Zealand issued a warning against InvestXE.

PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Among them, the Israeli ones. Agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS' offices in Israel almost two weeks ago. And seized a lot of data. It is well known that the PandaTS platform is used by many scammers, such as the already convicted cybercrime principal Gal Barak. He has also accused PandaTS of manipulating trades for white-label platform clients. In his trial, Barak moved the Austrian court to order a search of his home in Israel and Cyprus.

The Israeli trading platform form of PandaTS is home to countless white-label scams. In his court confession, the Israeli cybercrime principal Gal Barak admitted that he knew trading was being manipulated via PandaTS. In doing so, he placed the entire blame on PandaTS. He would have been only a small element as the operator of the white-label scams XtraderFX or SafeMarkets. He was sentenced to a 4-years prison term. The InvestXE (www.investxe.com) broker scams also run on PandaTS and fabricate victims non-stop. We received many victim complaints this week.

The Israeli trading platform form of PandaTS is home to countless white-label scams. In his court confession, the Israeli cybercrime principal Gal Barak admitted that he knew trading was being manipulated via PandaTS. In doing so, he placed the entire blame on PandaTS. He would have been only a small element as the operator of the white-label scams XtraderFX or SafeMarkets. He was sentenced to a 4-years prison term. The InvestXE (www.investxe.com) broker scams also run on PandaTS and fabricate victims non-stop.

Mr. Jason Vogel is a very busy spammer and has sent us several emails today. The content is the same in all of them, but the links change. This time the link leads us to the bitfit scam campaign running on Electlinks on the PostaffiliatePro platform operated by Quality Unit LLC. If you register with the fraud campaign, you will automatically be created as a new victim of the InvestXE broker scam and led to its payment page. Deposits are only possible via BTC. We have already warned about InvestXE at the beginning of July 2021.

Friday is traditionally a heavy day in the international scam scene. Before the weekend, people want to cash in again. Therefore, it is not surprising that today we receive more emails that want to lure us to fraudulent marketing campaigns and scams. The Bitcoin Profit fraud campaign operators are currently sending emails that direct us to the InvestXE broker scam, a white-label broker on the Israeli-Cyprian PandaTS platform of Mahor Lahav and his friends. Currently, the only way for potential victims to lose their money is via Bitcoin withdrawals.